Reform « CBS Los Angeles

City Council Sends LA Pension Reform To Voters

If approved, sworn personnel with 20 years of service would be entitled to a pension equivalent to 40 percent — instead of 50 percent — of their average salary.

2010/10/26

Report: California Pensions Cost Each Resident $3,000

An independent think tank says California’s pension fund is awash in red ink, and the burden for every worker in the state could rise to $10,000 a year by 2014.

2010/10/20

LA Pension Plan Delays Retirement Pay For Police, Firefighters

Mayor Antonio Villaraigosa and Controller Wendy Greuel say new changes to the city’s pension plan for police and firefighters could bring in up to $200 million in savings — but there’s a catch.

KNX 1070 NEWSRADIO–2010/10/18